Business · Energy & Commodities · 5 hrs ago
China’s diesel exports surge 262% as global supplies tighten
China sharply increased its refined fuel exports in September as global supplies tightened.
The country shipped 7.16 million tonnes of refined petroleum products, up 39.4% from a year earlier.
Diesel exports rose 262.3% to 1.85 million tonnes, their highest level since February 2023.
Supply shortages have grown as production fell in the Middle East and Russia amid the war involving Iran and other conflicts.
China had restricted exports of diesel, gasoline and jet fuel in March to protect domestic supplies, then eased those limits in July.
Exports rose even as the nine-month total fell, with refined fuel shipments down 3.7% from the same period last year; the figures show no further policy changes.
China’s refined petroleum product exports rose 39.4% year on year in September, reaching 7.16 million tonnes.
The increase was led by diesel exports, which surged 262.3% to 1.85 million tonnes, their highest level since February 2023.
Exports of refined products were also up 19% from August as global markets faced tighter supplies.
China had eased export restrictions on diesel, gasoline and jet fuel in mid-July after imposing them in mid-March.
Despite September’s rise, refined product exports for the first nine months of the year fell 3.7% year on year to 41.4 million tonnes.
- Who
- China.
- What
- Refined petroleum product exports rose 39.4% year on year in September, to 7.16 million tonnes.
- When
- September; the sources do not state the year in the article text.
- Where
- China.
- Why
- The rise was led by higher diesel shipments amid tighter global supplies, as production fell in the Middle East and Russia amid the war on Iran and other conflicts.
This story does not have two clearly opposing sides.
China imposed restrictions on exports of diesel, gasoline and jet fuel to protect domestic supplies.
China eased the export restrictions.
Refined product exports reached 7.16 million tonnes, up 39.4% year on year and 19% from August.
- Total refined product exports in September
- 7.16 million tonnes
- Year-on-year change in September
- Up 39.4%
- Month-on-month change in September
- Up 19%
- Diesel exports in September
- 1.85 million tonnes, up 262.3% year on year
- Refined product exports, January–September
- 41.4 million tonnes, down 3.7% year on year